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Orthopedic Biomaterials Market Report 2024 - Market Size, Growth Rate, Major Drivers And Key Trends | Zimmer Biomet Holdings, Stryker Corporation, Johnson & Johnson, Smith & Nephew plc, Globus Medical Inc
Orthopedic Biomaterials Global Market Report 2024
The Business Research Company offers in-depth market insights through Orthopedic Biomaterials Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The orthopedic biomaterials market size has grown rapidly in recent years. It will grow from $18.62 billion in 2023 to $20.51 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to advancement in technologies, and rise in healthcare expenditure, growth in the number of healthcare facilities and economic growth .
The orthopedic biomaterials market size is expected to see rapid growth in the next few years. It will grow to $34.03 billion in 2028 at a compound annual growth rate (CAGR) of 13.5%. The growth in the forecast period can be attributed to increased prevalence of obesity and arthritis conditions, rapid growth in the geriatric population and increase in joint replacement surgical procedures . Major trends in the forecast period include manufacturing implants using 3d printing technology, developing new innovative products, developing smart biomaterials implants, and on merger and acquisition activities. player-adopted strategies in the orthopedic biomaterials market include investing in expanding operations through innovative product launches, and in acquisitions and mergers to strengthen their service offerings.
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Market Segmentation:
The orthopedic biomaterials market covered in this report is segmented -
1) By Material Type: Ceramics & Bioactive Glasses, Calcium Phosphate Cements, Polymers, Metal, Composites
2) By Application: Orthopedic Implants, Joint Replacement/Reconstruction, Bio-Resorbable Tissue Fixation, Other Applications
3) By End-User: Hospitals, Clinics, Other End-Users
Major Driver - Rising Musculoskeletal Disorder Incidence Fuels Growth Of The Orthopedic Biomaterials Market
The rise in the incidence of musculoskeletal disorders is expected to drive the orthopedic biomaterials market. According to the World Health Organization (WHO) report, musculoskeletal conditions are the leading contributor to disability worldwide. About 20-33% of the population suffer from a musculoskeletal disability. Musculoskeletal disorders induce fractures, swelling, and discomfort in the joints, ligaments, and tendons that cause movement disabilities. The burden of musculoskeletal conditions is known to increase with age. The sustainable development goals (SDGs) and the Decade of Healthy Ageing 2020-2030 have called for increased global attention and action on musculoskeletal health. Biomaterials are used to treat these disorders. Hence, the incidence of musculoskeletal disorders is projected to drive the orthopedic biomaterials market.
Competitive Landscape:
Major companies operating in the orthopedic biomaterials market report are Zimmer Biomet Holdings, Stryker Corporation, Johnson & Johnson, Smith & Nephew plc, Globus Medical Inc., Exactech Inc., Heraeus Holding GmbH, Evonik Industries AG, Victrex plc., Collagen Matrix Inc., Royal DSM, Sahajanand Medical Technologies, SCHILLER Healthcare India Pvt. Ltd., GE Healthcare, Covidien Healthcare India Private Limited, Philips Healthcare India, Fisher & Paykel Healthcare India Private Limited, Smiths Medical India Pvt. Ltd, Agappe Diagnostics Ltd, ARKRAY Healthcare Pvt. Ltd, Accord Medical Products Private Limited, AAP Implantate AG, Waldemar Link GmbH & Co. KG, Amplitude SAS, Corin Group PLC, Beznoska Company Ltd, Sanatmetal Ltd, Medin a.s., Neoortho, Amplitude Ortho, Cremer S. A., BSN Medical SA, Corin South Africa, Draegerwerk AG, ResMed Inc
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Top Trend - Revolutionizing Orthopedics Through The Emergence Of 3D Printing In Orthopedic Implants
3D printing of orthopedic implants is one of the recent developments in the orthopedic biomaterials market. 3D printing technology is used to produce a large range of medical equipment, such as those with complicated structures or characteristics to suit a patient's particular anatomy. 3D printing of orthopedic implants enables the design of more natural anatomical shapes, as well as the design of porous bone replacement scaffolds that can be easily integrated into the design of the implant. This allows natural bone regeneration to generate higher reliability of the implant. 3D printing of orthopedic implants is a trend in the orthopedic biomaterial market that is attracting many players. For instance, Evonik, a Germany-based chemical company has invested in Meditool, a Chinese-based 3d printed implant start-up that produces models and implants by using polyether (PEEK) polymer supplied by Evonik.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Orthopedic Biomaterials Market Characteristics
3. Orthopedic Biomaterials Market Trends And Strategies
4. Orthopedic Biomaterials Market - Macro Economic Scenario
5. Orthopedic Biomaterials Market Size And Growth
…..
27. Orthopedic Biomaterials Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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